Blog
Can Duluth Investors Use Losses To Lower Capital Gains Federal Tax?
Key TakeawaysYou can sell losing investments to realize a capital loss that offsets taxable gains. If your losses exceed gains, you can deduct...
Streamlined Installment Agreement: A Tax Debt Repayment Option for Duluth Owers
Key Takeaways The Streamlined Installment Agreement (SIA) is an ideal option for paying back taxes to the IRS… IF you owe $50,000 or...
Nizar Janmohammad’s Perspective: What Are The Most Important Cybersecurity Measures for Small Businesses?
Key Takeaways Create a written data protection policy. Every employee should know the rules for handling sensitive data. Back up data...
Can End-Of-The-Year Giving Mean Tax Deductions For My Duluth Business?
Key Takeaways Your business can give back and receive tax benefits if the donation is correctly structured and documented. Charitable...
IRS Audit Representation: When Your Duluth Tax Pro Shines
Key TakeawaysThe way you communicate with the IRS can shape the entire outcome of your audit. Filing a Power of Attorney form allows your...
The Work Opportunity Tax Credit: Year-End Hiring Benefit for Duluth Businesses
Key TakeawaysYes, the WOTC applies if you hire someone before December 31, 2025. You must submit IRS Form 8850 to your State Workforce...
Why Cash Flow Management Is Important At Year-End in Your Duluth Business
Key Takeaways Profit doesn’t equal liquidity: You can look great on paper (i.e., profitable) and still run out of cash. Year-end cash flow...
What Documents Are Needed for an IRS Audit: Pinnacle Insurance & Accounting’s Insights
Key TakeawaysThe IRS requires three separate forms of proof for nearly every deductible business expense: purchase, payment, and...
What Year-End Moves Can Protect Duluth Owners From Form W9 Mistakes?
Key TakeawaysKeep every contractor’s Form W9 on file before the first payment. If your contractor won’t give you a W9, be persistent. The IRS...